CoinVoice recently learned that Kenya's Minister of Information and Communication Technology, William Kabogo, announced the official launch of the national digital token KenyaNDT (KDT), which is deployed on the Solana blockchain.
Kabogo stated that Kenya is developing a national virtual asset policy and a draft bill for virtual asset service providers (VASP) to construct a more regulated digital asset regulatory framework. He also revealed that the monthly digital asset trading volume of Kenyan citizens has surpassed $500 million, reflecting high public participation in this field.
Although the Central Bank of Kenya has not explicitly clarified the fiat properties or peg mechanism of KenyaNDT, Kabogo also clarified that this token is not directly issued by the government, but its goals are highly consistent with the national digital strategy. Currently, the government is in discussions with the central bank, the communication authority, and the treasury to promote the implementation of governance models and regulatory compliance. [Original link]
